Overall Red Energy Review Ratings

Red Energy seems to struggle against the average bill calculations we use to rate providers, coming up short in every state but one! On other indicators, however, they do extremely well! Overall our Red Energy review scores the retailer in this manner:

Price

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Choice

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Extras

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Keen to understand how Red Energy was rated this way? Keep reading to find out!

Red Energy Best Plans in Victoria

Red Energy provides power and gas to homes and businesses in the eastern states of Victoria, NSW, SE Queensland and SA.

Residential Victoria

For electricity and gas retailers, the Victorian market represents a highly competitive space, and it is here that Red Energy began operations initially.

Average electricity and gas costs for a 4-person home (5782 kWh/year and 39022 MJ/year):

Red Energy Review – Verdict

Along with Lumo Energy, Red Energy makes up the retail energy arm of Australian Government-owned Snowy Hydro.

This Red Energy review shows that Red plans have no lock-in contracts and no set benefit term, which mean that your discount benefits will not expire for the foreseeable future.

You won’t have to worry about breaking the contract as no exit fee is charged for leaving.

Also, Red Energy will allow you to negotiate a payment plan tailored to your needs.

If you wanted a more manageable power bill, EvenPay is Red Energy’s solution for you!

This bill smoothing plan will allow you to make smaller fixed payments than waiting for a large quarterly bill.

An Australian-based customer service team has led to Red Energy topping charts for customer satisfaction in NSW for the past five years, according to Canstar Blue.

For Victorian and NSW customers of Red Energy, there is access to Red Energy Rewards. You could access up to 3,500 discounted deals relating to hotels, movie tickets or events.

Don’t lose another second on an expensive provider you can’t afford!

Call Electricity Monster now on 1300 232 848, and get on an attractive plan in your state!

Disclaimer:

This publication looks at how much a 4-person household pays a year, on average, on electricity and gas plans from Red Energy in NSW and VIC. The information being made available in this document cannot substitute for legally sound advice. No financial decisions should be made based on data from this publication. Individual usage, circumstances and brands could cause usage figures to vary.

Important points to note are:

In brief, we do not guarantee that the information provided applies to every household in Australia.

Significantly, all dollar figures are including GST.

Rates are accurate as of October 2, 2019.

Specifically, electricity comparisons are on the peak rates in single rate plans, plus their daily electricity supply charges.

Similarly, gas comparisons are on the first tranche of usage charges, plus their daily gas supply charges.

Accordingly, electricity rates used are from the Red Energy website. We have not verified their accuracy.

Chiefly, electricity and gas benchmarks used for the average energy usage of households are from the AER website.

For Victoria, the Citipower distributor has been used for electricity and the Australian Gas Network (Tru East) for gas.

In NSW, the Ausgrid network is utilised for electricity and the Jemena Network for gas.

For QLD, we have chosen the Energex network for electricity and the Australian Gas Network for gas.

In SA, SA Power Networks distributor has been chosen for electricity and the Australian Gas Network (SA) for gas.

Overall, star ratings for the price are calculated by comparing the prices offered in each state, to the average prices offered by power retailers.

Alan is an energy journalist, obsessed with getting Australians a fair price in an inflated electricity market. Equipped with a Master’s degree in Economics, his interests revolve around energy economics.

We do not compare all energy providers, all plans in the market & only provide plans from our partners. Due to commercial arrangements or availability, not all products compared by us will be available to all customers. Some plans are available only from our call centre & others are available only from our website. Availability of plans will change from time to time, rates provided are both with & without credits or discounts. Plans availability may be impacted by your location, state, postcode, network, meter configuration, credit score, renter, homeowner, solar & commercial arrangements. Energy plan incentives may be forfeited if terms are not adhered to. Financial incentives are usually applied to electricity charges & not on service fees. We receive a fee for referring customers to our partners. These fees allow us to provide a free service to our small residential & business tariff customers only, large commercial tariffs are not free. From 1st of July 2019, regulatory changes take effect. Website results & text may have some errors, please talk directly with an electricity broker via phone before making any decisions. T & C’s apply, please view our full terms: electricitymonster.com.au/terms/